Finance
Oklahoma's usury laws set limits on:
AMaximum commission rates
BThe maximum interest rate that can be charged on loans✓ Correct
CMinimum loan amounts for residential mortgages
DMaximum closing costs for mortgage loans
Explanation
Oklahoma's usury laws establish maximum allowable interest rates for various types of loans. Charging interest above the legal maximum is usurious and illegal. Most mortgage products are exempt from state usury laws under federal preemption.
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